Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1887-11-22
Chicago Grain and Produce.

CHICAGO, Nov. pa surprisingly strong
feeling was developed today in the wheat
market and prices again reached a higher
point, the highest by q cents since recent
up turn in prices set in. The visible sup
ply showed increase of 10000 bushels,
which was about what the majority of
operators had expected. The receipts
were very liberal, aggregating 1864 600
bushels ut twelve points, Of which Mime
apolis and Duluth received fifty per cent,
while the shipments from the same points
were reported $4,000 bushels ard clearances
only $500. From the opening Of the ses-
sion, however, it became apparent that
there was a very good demand, and this
buying was continued throughout most of
the session. The dry weather in the win
ter wheat district followed by freezing
weather was given as q reason for strength,
but there must have been other reasons
FOR the buying. At any rate speculation
was IN the market and the principal buy
ing was credited TO st. Louis parties The
opening was about 15@A cents lower than
Saturdays closing and under a good de-
mand prices steadily increased with only
slight fluctuations, 1I@l35 above
inside prices eased off a trife and
closed about Is cents higher than
Saturday trading centered in May delivery
which closed at S3}5 asked for May
COrn-Speculative trading WAS fairly &C
tive. The market fuctated frequently
within a moderate range The feeling was
quiet animated for themore deferred deliv-
cries while the near futures ruled easier,
due mainly to increasing receipts The
market opened the same to 2. cent under
Saturdays closing prices, near futures be
ing easier ruled firmer and advanced y
@ ., influenced by strength in wheat and
provisions, changed some and closed a
shade frner for near futures and i
cent higher for May than Saturday. prices.
Receipts were larger than expected, due TO
two days inspection on some roads and es-
Inmates for tomorrow rather liberal The
visible supply decreased $4,000 bushels:
stocks here decreased 1850 bushels The
The latest for May today was IS IS.
Oats were influenced by the improve |
ment in the leading market. There was a /
firm speculative feeling and prices exhibit /
about jSaI cent advance. Trading was |
not materially increased, however being |
only moderate and mainly in May which .
closed 81
Provisions were active, the pork market .
fairly running away from the local trad
ers VINO endeavored to control it.
Receipts of hogs were 5000 and prices
5@1O cents lower. Estimated arrivals to /
morrow were also large They had no
effect On the course OF raIues as buyl-y
orders came in freely. Packers sold mod
crate at the opening; their offerings OF all
descriptions were quickly absorbed and
prices moved rapidly upward, pork adyanc-
ing - cents, lard l5@l156 cents aud short
ribs 20 cents from the lowest point, and at
] O'Clock was firm at slightly below out
side figures. Pork being 32% cents lard
1O0l2ls cents and ribs 1215 cents above
Saturday S last sales. Pork was the IA
vor,te On the afternoon board however,
there was reaction. pork declining 20@22l5
ana LARD and short ribs ~, the final prices
being &l3.7,35 asked for January pork,
S1G51s for January lard and $685. bid for
January short ribs
The leading futures ranged as follows: